HomeAll Forex RatesEURJPY – Rate, Chart, Analysis & News

EURJPY – Rate, Chart, Analysis & News

EUR/JPY is a Forex ticker that represents the price it will cost you in Japanese Yen to buy 1 Euro. FX currencies are shortened to three-letter abbreviations for ease and are called ISO codes. The Forex market trades in these currency pairs and have a quote structure of Base/Quote (EUR/JPY).

The live EUR/JPY rate is shown below in an interactive chart that you can use for technical analysis. Our real-time news and analysis will keep you up to date with factors affecting the price movements of EUR/JPY, both fundamental and technical.

EUR/JPY Currency Chart

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EUR/JPY Explained

The EUR/JPY pair refers to the exchange of Euro to Japanese Yen (JPY). High levels of volatility provide plenty of trading opportunities for this pair.

The Yen is the third most widely traded currency in the world, and the fourth reserve currency (behind the US dollar, the euro, and pound sterling). This makes the EUR/JPY currency pair a very popular option for experienced traders and beginners.

EUR/JPY Significant Price Movements

The price movements of the EUR/JPY pair are influenced by economic, political, and financial factors. Reports which are released by the European Central Bank (ECB) form the backbone of many traders’ decisions regarding the Euro. 

When it comes to the Yen, the general health of the Japanese economy plays a massive part. However, there is one other element and that is the rate of natural disasters which occur in the region. Due to the small size of the country, events like natural disasters can affect the currency’s value immensely. This is the reason behind the Yen’s dip in 2011 after the Fukushima nuclear disaster. 

Since then, the Yen has regained some of its lost value and has been trading in a stable way against the Euro, which has been weakening in the months leading up to Brexit. For the last decade, the Japanese government has kept interest rates low, which adds to the appeal of the Yen for trading.

Overall, The Yen has been a slow-growing currency, and this is a trend that looks set to continue for the near future.




Which is the best broker to trade the EUR/JPY pair?

There are not many online brokers that support the trading of the EUR/JPY pair. We are constantly evaluating new and existing brokers to recommend the most reliable ones. For more information, you can go to our page that reviews and compares the best Forex brokers to learn more about the different platforms where you can trade EUR/JPY.

When I trade the EUR/JPY pair will I own the actual currency?

No. CFDs allow you to speculate on rises and falls in the currency pair without having physical ownership. With CFDs, you only have to put in a fraction of the market value of the underlying asset when making a trade. Unlike investing, when you trade CFDs, you are not buying or trading the underlying asset. What you are buying/selling is a contract between yourself and the CFD provider.  

How to trade the EUR/JPY pair?

When trading, many like to use technical analysis and analyse the EUR/JPY chart, look at the relationship of the pairing, and speculate on the rise and fall of the market. 

There are several key Japanese data reports to which keen traders should pay close attention before executing their trades. These include the Tankan Report, the Tokyo Area CPI, and the Bank of Japan interest rate decisions.

The three analysis techniques are fundamental, sentiment and technical. We’d recommend having a good grasp on the fundamentals because this pair isn’t as actively traded as others and so isn’t as liquid.


See other currency pairs live rates here.